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Question: Using the 2012 article "How Marginal Tax Rates Affect Families at Various Levels of Poverty", fin...

Show transcribed image text Using the 2012 article "How Marginal Tax Rates Affect Families at Various Levels of Poverty", find the highest effective marginal tax rate for the state of Illinois as reported in Table 2. http://www.taxpolicycenter.org/sites/default/files/alfresco/publication-pdfs/412722-How-Marginal-Tax-Rates-Affect-Families-at-Various-Levels-of-Poverty.PDF According to that table, the state of Illinois will tax some low-income individuals (single parent with two children) as much as percent on a marginal basis. Suppose a country has only one individual and he earns $1 per year. What is the Gini index for this population? It is:

Using the 2012 article "How Marginal Tax Rates Affect Families at Various Levels of Poverty", find the highest effective marginal tax rate for the state of Illinois as reported in Table 2. http://www.taxpolicycenter.org/sites/default/files/alfresco/publication-pdfs/412722-How-Marginal-Tax-Rates-Affect-Families-at-Various-Levels-of-Poverty.PDF According to that table, the state of Illinois will tax some low-income individuals (single parent with two children) as much as percent on a marginal basis. Suppose a country has only one individual and he earns $1 per year. What is the Gini index for this population? It is: